Siparex Italia has completed the management buyout of TecMo from Thermadyne Holding Corporation, a multinational manufacturer of cutting and welding products. Siparex has taken a 50% interest in the acquisition vehicle and the senior debt was arranged and provided by Banca Intesa.
Fund complements PAI's existing large-cap strategy with the aim of targeting mid-sized companies across Europe
Fund invests in European digital platforms and marketplaces, targeting pre-seed and seed rounds
Management team is led by Chris Shaw who was appointed as chief executive in September 2017
GP intends to boost the company's expansion internationally, primarily in Asia, the Middle East and the US